Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
ASSETS
Investments in real estate, net	$ 708,178	$ 502,006
Investments in unconsolidated entities	29,252	12,381
Cash and cash equivalents	19,261	46,190
Restricted cash	23,950	11,290
Loans receivable, net (Note 5)	60,404	62,547
Accounts receivable, net	2,825	3,780
Deferred rent receivable and charges, net	30,890	37,543
Other intangible assets, net	4,043	4,461
Other assets	19,253	10,050
TOTAL ASSETS	898,056	690,248
LIABILITIES:
Debt, net	470,325	184,267
Accounts payable and accrued expenses	34,331	107,220
Intangible liabilities, net	0	20
Due to related parties	4,739	3,155
Other liabilities	13,401	17,856
Total liabilities	522,796	312,518
COMMITMENTS AND CONTINGENCIES (Note 15)
REDEEMABLE PREFERRED STOCK: Series A cumulative redeemable preferred stock, $0.001 par value; 34,873,861 shares authorized; no shares issued or outstanding as of September 30, 2023 and 693,741 shares issued and outstanding as of December 31, 2022; liquidation preference of $25.00 per share, subject to adjustment	0	15,697
EQUITY:
Common stock, $0.001 par value; 900,000,000 shares authorized; 22,786,741 shares issued and outstanding as of September 30, 2023 and 22,737,853 shares issued and outstanding as of December 31, 2022.	23	23
Additional paid-in capital	854,377	861,721
Distributions in excess of earnings	(903,725)	(837,846)
Total stockholders’ equity	372,424	361,660
Noncontrolling interests	2,836	373
Total equity	375,260	362,033
TOTAL LIABILITIES, REDEEMABLE PREFERRED STOCK, AND EQUITY	898,056	690,248
Series A Preferred Stock
EQUITY:
Preferred stock	192,235	189,048
Series A1 Preferred Stock
EQUITY:
Preferred stock	228,324	147,514
Series D Preferred Stock
EQUITY:
Preferred stock	$ 1,190	$ 1,200